CI&T Q1 Adj $0.06 Beats $0.05 Estimate, Sales $105.76M Beat $102.13M Estimate
Portfolio Pulse from Benzinga Newsdesk
CI&T (NYSE:CINT) reported Q1 earnings of $0.06 per share, beating the analyst estimate of $0.05. Sales were $105.76 million, also surpassing the $102.13 million estimate. However, both earnings and sales decreased compared to the same period last year.
May 22, 2024 | 11:11 am
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CI&T reported better-than-expected Q1 earnings and sales, but both metrics showed a year-over-year decline.
CI&T's earnings and sales beat analyst estimates, which is positive for the stock in the short term. However, the year-over-year decline in both metrics may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100